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Start-Up Funds Getting you Lab Started

Start-Up Funds Getting you Lab Started. Christine Lavoie Director of Research Administration Office of Research clavoie@usc.edu. Agenda What is a start-up package Negotiating a start-up package Hard money verses soft money Start-up funds and your lab Staffing your lab Questions.

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Start-Up Funds Getting you Lab Started

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  1. Start-Up FundsGetting you Lab Started • Christine Lavoie • Director of Research Administration • Office of Research • clavoie@usc.edu

  2. Agenda • What is a start-up package • Negotiating a start-up package • Hard money verses soft money • Start-up funds and your lab • Staffing your lab • Questions

  3. Start-up Package • Resources a university makes available for research support • Office and lab space • Lab equipment, computers and software • Technician and/or other staff support • Supplies • Travel

  4. Negotiating a Start-up Package • During the process of discussing an offer is when to put the dollar values on your needs • Offer time is the time “you have the most leverage than you will have for years when joining a faculty” • Be prepared - part of the job search process is • completing an assessment of your minimum • requirements to get your research up and • running including, space, equipment, staff, • furniture, and supplies. Add item you may • need in the future not just the basics

  5. Negotiating a Start-up Package • Research current salary information • Keep in mind only the department chair or dean can make commitments to you • Be collaborative on ways to get expensive items • Be sure to get commitments in writing

  6. Hard Money Vs. Soft Money • Hard Money refers to guaranteed funds you receive from the university • Hard money can include salary and start-up package • Other forms of hard money include various types of internal funding the university may provide to assist in jump starting your research • Zumberge Individual Research Grant -http://research.usc.edu/for-investigators/funding/usc/zumberge/

  7. Hard Money Vs. Soft Money • 4. Soft Money refers the funds you receive from grants • 5. These are the funds for which you most likely have to compete

  8. Start Funds & Your Lab • All or a portion of your start-up funds may be made • available in an account for you to manage. • Spending limits/requirements regarding the use of funds may be addressed in your offer letter. Work with your department or the school regarding any specific policy. • Think strategically when setting up your lab. Start-up funds will be the basic funds available while acquiring grant funding. • What are the items required to launch your lab

  9. Staffing your lab Staffing – Depends on the provisions of your start-up funds, progress of your research as well as your preference for performing various lab tasks Lab Technician Research Assistant 4. Other things to keep in mind is the amount of time you are willing to devote to training and mentoring.

  10. Questions • Christine Lavoie • Director of Research Administration • Office of Research • clavoie@usc.edu

  11. Resources • http://serc.carleton.edu/NAGTWorkshops/careerprep/jobsearch/negotiating.html • http://chronicle.com/article/The-Right-Start-Up-Package-/45611/ • http://research.usc.edu/for-investigators/funding/usc/ • 4.

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